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6
SCHURZ Ofl SILVER
\VK\K\KSS OF MR. IJRYAX'S POSI
TION KX POSED BY THE EX
SEORETAHY.
PLEA FOR HONEST MONEY.
HOY ORATOR CHARACTERIZED AS
A DRMAGOGI K AND AS ItiXO
HAMIS,
HE( 'EIVKU WITH EXTHIMYSM.
Tlif Address Delivered tailor the
JlßUplniß of the American llmi
e*t Money l.vusur-
CHICAGO, Sept. s.— Central Music
hall was packed to the doors tonight
tc hear the address of Carl Schurz,
who spoke under the auspices of the
American Honest Money league. Mr.
3c urz paid particular attention to the
Xr»- York speech of Mr. Bryan, and
!.; ; description of what would occur
"if Bryan is elected" provoked re-
V.?ited cheers from his audience, lie
■".My declared that, if Mr. Bryan be
-1 certain things, which he quoted
. m Mr. Hryan's New York address,
then Mr. Bryan did not know what
free roinngr meant, even though he
was its most ardent apostle. The au
dience, which numbered about 3,500, re
ceived Mr. Schurz's address with great
enthusiasm. He spoke in part as fol
lows:
HONKST MONEY PLEA.
1 have come from the East to tl*e
West to speak to you for honest money.
1 'lei not imagine myself to be in an
"fnemy's country." There is to me no
enemy's country within the boundaries
of this republic. Wherever I am among
Americans, I am among fellow-citizens
and friends, bound together by com
•iv'ii interests and a common patriot
ism. In this spirit I shall discuss' the
MRS. JOHX M, PALMER.
SPRINGFIELD. 111., Sept. 4— Mrs. John M.
Palmer is fifty-nine years of age. Her maiden
name was Hannah Mather Lamb. Her fath
er was James L. Lamb, an early settler of
Springfield, and for many years one of the
leading business men of the etty. He ac
quired considerable wealth, and his family
enjoys il such advantages at wealth can bestow.
Slip was graduated at MoriiceHo seminary,
:;nd Is a lady of superior education and refine
ment. When quite young she was #iited in
marriage to Leigh Kimball, a railroad man,
who died a few years afterward. She remain
ed a widow for thirty years, and about nine
years ago was married to Gen. Palmer, to
whom she has been a most devoted wife. She
always accompanies him on his "stumping"
tours, acts as his amanuensis and has render
ed him invaluable assistance in the prepara
tion of his autobiography, on which he has
question of the day. I shall not deal
in financial philosophy, but in hard
and dry facts.
There are sporadic discontents in the
country, partly genuine, partly pro
duced by artificial agitation. They
may be specified thus: There are farm
ers who complain of the low prices of
agricultural products; laboring m?n
complaining of a lack of remunerative
employment; men in all sorts of pur
suits complaining of a general buslne:j£
stagnation and of a scarcity of monc^.
In some parts of the country, especially
the South and West, there are many
people complaining of a want of cap
ital and a too-high rate of interest.
The cry for more money is the favorite
cry. These are the principal and the
most definite complaints. Beyond them,
however, an impression has been
spread by agitators that an organized
conspiracy of moneyed men, mainly
great bankers, in America and in
Europe, backed by the monarchs and
aristocracies of the Old World, is seek
ing the general establishment of the
gold standard of value to monopolize
or "corner" the world's money to the
general detriment.
Are these complaints well founded?
I>oc>k at facts which nobody disputes.
That there has been a considerable fall
in the prices of many articles since 1873
Is certainly true. But was this fall
caused by the so-called demonetization
. of silver through, the act of 1872? Now,
.- not to speak of other periods of our
history, such as the period from 1848
to 1851, everybody knows that there
was a considerable fall in prices, not
only as to agricultural products— cot
ton, for instance, dropped from $1 a
pound in, 1884 to^ 17 cents in 1871— hut
in many kinds of Industrial products,
before 1873. What happened before
IST" cannot have been caiued by what
happened in 1873. This is clear. The
shrinkage after 1873 may, therefore,
have been caused by something else.
Now for the facts. The act of 1873
in question became a law on the 12th
of February. What was the effect?
"Wheat, rye, oats and corn rose above
the price of 1872, while cotton declined.
In 1874 ~wbe«,t dropped a little; corn
made a jump upward; cotton declined;
oats and rye rose. In 1875 there was a
general decline. In 1576 there vas a
rise in wheat and a decline in corn,
oats, rye and cotton. In 1877 there was
another rise in wheat, carrying the
price above that of IS7O and up to that
of 1871. years preceding the act of
fCTS, Evidently, so far the 200-e<?nt
dollar had not made its mark at all
P.ut 1 will admit the possible plea that,
as they say. the act of 1573 having been
pasted in secret, people did not know
anything about it, and prices remained
me^sureaAily steady, in ignorance of
wh*t % ilivaiiful thingrs had happened.
IfyHyt*<g|^it would appear that, if the
kffe*fyujf>)iies had only kept JBtill about
ttj-tJ** jHW»deTlar would hayi fnodestly
remained a lflfl-cenf dollar anfl-Bobo'cty
would have been hurt.
AN APPEAL TO FACTS.
Tn 1879 specie payments were re
sumed. Metallic money circulated
again. And, more than that, the cry
about "the crime of 1873" resounded
in congress and in the country. Then
at last the 200-cent gold dollar had its
opportunity. Prices could no longer
plead ignorance. What happened? In
1880 wheat rose above the pvice of
1879, likewise corn, cotton and oats.
In 1881 wheat rose again, also corn,
oats and cotton. In 1882 wheat and
cotton declined, while corn and oats
rose. The reports here given are those
of the New York market. They may
vary somewhat from reports of farm
prices, but they present the rises and
declines of prices with substantial cor
rectness. The facts prove conclusively
to every sane mind, that for nine .years
after the act of IS73— six years before
and three years after the resumption
of specie payments — the prices of the
agricultural staples mentioned, being
in most instances considerably above
1860, show absolutely no trace of any
such effect as would have been pro
duced upon them had a great and sud
den change in the purchasing power
of the money of the country taken
place. The act of 1873 did not create
a new state of things, but simply rec
ognized a state of things which had
existed for many and many years.
It did thereby not only not destroy half
the money of the country, but not a sin
gle dollar of it.
After quoting figures to show that
increased production is the most ra
tional explanation for any fall that
may have taken place in agricultural
products, Mr. Schurz took up the prob
able result of a free coinage victory,
adducing arguments to prove that gold
would be immediately retired from
circulation, and that the sudden con
traction of currency must necessarily
cause a universal panic before the
gap thus caused — omitting all other
considerations — could be filled by the
coinage of silver. Continuing he said:
After five or six months of such a
deadly crisis, Mr. Bryan's extra ses
sion of congress would begin and give
us free coinage. Then, as Mr. Bryan
solemnly promised us in his great New
York oration, free coinage will give
us bimetallism, bimetallism will give
us an abundance of money, and all
will be right. Bimetallism? What is
bimetallism? It is a monetary system
in which the two metals circulate to
gether for all the purposes of money
on a parity with each other upon a
fixed legal ratio — which in our case is
been engaged for several years. Sh? :s petite
and brunette, is cordial, vivacious and unas
suming. She has never cared for the frivol
ities of society.and her Hfe has been an active
and useful one. For ten or twelve years prior
to her marriage to Gen. Palmer she was city
librarian, and as such enjoyed a fine oppor
tunity to gratify her taste for reading. Since
her marriage she found plenty to do in as
sisting her distinguished husband. She was
reared In the Presbyterian church, and was
for years a teacher in the Sabbath school.
After her marr age she united with the Bap
tist church, in which her husband held msm
berslp. Her character is a lovely one. and
it may truthfully be said of her that "None
know her but to love her; none name her but
to P r '^Jßt Mrs. Palmer was with her hus
band a 7~ w -ie state convention at Chicago, and
is now with him at Indianapolis. She accom
panies him on all of his political missions.
16 to 1. Evidently, to have bimetallism,
gold must be on hand, as well as sil
ver. As I have shown, between Mr.
Bryan's supposed election and his ex
tra session of congress, our gold will
have run away from circulation. Part
of it has been privately hoarded, and
another, probably by far the larger
part, has gone to Europe, where it
finds profitable employment. Thus it
turns out that Mr. Bryan's election
will have served to possess the Amer
ican and still more the European
"money powers" of most of the gold
which he needs here for his bimetal
lism. This is one of the troubles which
the really sincere European bimetal
list foresaw when they almost pathet
ically implored their less sincere Amer
ican brothers not to think of the free
coinage of silver in the United States
alone, because it would drive almost
all the gold to Europe, and attract
silver to America, which would make
bimetallism impossible in Europe as
well as here.
The theory that free silver coinage
will make and keep the silver dollar
equal in value to the gold dollar rests
upon absolutely nothing but Mr. Bry
an's incessantly expressed personal be
lief. Fixed belief is a happy state of
the mind. One of the strongest cases
of belief I ever met with was a man
who inflexibly believed that he was the
Pope of Rome and could, if he would,
fetch down the moon. He was under
treatment by a specialist for mental
peculiarities.
Rvery sensible person. I trust, will
now admit that free silver coinage in
I the United States alone will mak? bime-
I tallism, the equal use of both gold and
I silver as money, utterly impossible here
as well as abroad. It will confirm
Europe in gold monometallism, and
condemn us to silver— monometallism—
$100 REWARD $100.
The readers of this paper -nill b*»
1-leased to learn that there is at least
one dreaded disease that st-ience has
I been ablp to cure in all its stages, and
! that is Catarrh. Hall's Catarrh Cure
j is the only positive cure known to the
| medical fraternity. Catarrh being a
I constitutional disease, requires a con
j stituticnal treatment. Hall's Catarrh
\ Cure is taken internally, acting direct
■ ly upon the blood «nd rrmcous surfaces
I o: the- system, thereby destroying the
j foundation of the disease, end giving
! the patient strfngth by building up the
! constitution and assisting nature in
j -icing- its work. The proprietors have
I bo much faith In Its curative powers
j that they offer One Hundred Dollars
; for aay case that it fails try rare. Send
I for list of testimonials.
Address, P. J. CHENEY ft Co.,
i Sol<Tby drusSfets. TW ' °
THE SA^t PAUL 6t,08!5. SUNDAY, SEPTEMBER O, 1896.
the exclusive use of silver as* money
and of paper based upon silver. No
doubt this Is what the silver men are
really aiming at.
DECEPTIVE APPEAL..
I must confess, of all the deceptive
appeals resorted to by the silver ora
tors, that addressed to the wage-earn
ers seems to me the most heartless and
damnable. And of all the instances of
reckless credulity we witness, that of
wage-earners who actually permit
tlumselves to be persuaded that free
silver coinage will be a ble»»ingr to
them is the most Incomprehensible and
the saddest. There is something pathe
tic In their delusion. Of all things
human labor is the one that has dur
ing the last fifty years in this country
largely and almost steadily risen in
price. Average wages have nearly dou
bled since 1840, and have risen more
than 60 per cent since 1880. The steady
rise hag been owing partly to organiz
ation, in greater part to the larger ave
rage productiveness of human labor in
connection with machinery— in one
word, to the progress of civilization.
As civilization has served to multiply
and cheapen labor's products, it has
at the same time served to enhance
labor's earnings. It has thus secured
to the laboring man, especially in this
republic a double advantage; a greater
number of dollars by way of wages,
and for every dollar more of the things
which the laboring man has to buy for
the necessities and enjoyments of him
self and hla family.
This is one of the greatest achieve
ments of our age, at which every true
friend of humanity will heartily re
joice, but which more than all others
the workingman himself should appre
ciate. That the workingman should be
called upon, by the exercise of their
right to vote, to aid in despoiling them
selves of this combined blessing, looks
like a satanic mockery. And when we
see pretended labor leaders join the
silver-mine millionaires, the silver pol
iticians, and the nebulous silver phil
osophers in an effort to seduce the
wcrkingmen into an act of self-des
truction so supremely foolish, there is
good reason for warning- these of
treason in their camp. If there is any
body in the wide world who should
fight to the last gasp for a money of
true value that does not lie to him, and
who should curse and spurn as his
worst enemy the demagogues seeking
to beguile him with deceitful currency
juggles, it is the man who earns his
bread by the sweat of his brow. This
is emphatically the waee-earner's bat
tle. Alas for him if he should desert
his own cause!
The silver orators pretend that they
have the toiling masses greatly at
heart and that free coinage is to be in
troduced mainly for their benefit.
How do they take care of the toiling
masses in this case? By bringing ua
down upon the silver basis they simply
cut down the thousands of millions of
invested savings of the poor people to
to about fifty cents on the dollar. And
for whose benefit is this done? For
the benefit of the debtors of these poor
people who will gain about fifty cents
on the dollar. And who are they?
Aside from the United States, and the
states and municipalities, those debt
ors are railroad and other corporations
and more or less rich men, whom our
silver friends profess to abhor very
much as belonging to the "money pow
er." Thus will the silver standard
bleed the poor creditor for the benefit
of the rich debtor. May not the toil
ing masses pray heaven to deliver them
of the free coinage friends?
It is not my habit to boast of a warm
heart for the poor and suffering. But
my sympathy is no less sincere be
cause I do not carry my love and solici
tude for the common people constantly
at my tongue's end. If there be those
who are satisfied with everything that
exists, I am not one of them. There
are few, if any, who abhor that which
may properly be called plutocracy or
fletest the arrogance of wealth more
heartily than I do. I know, also, that
the Industrial developments of our time
have brought hardship to some classes
of people which only the more saga
cious, active, and energetic among
them have been able to counterbalance
profitably with its benefits. There are
laws and practices which, had I the
power, I would promptly change, in
the interest of common justice and
equity. But because I am so minded,
I must oppose to the utmost a policy
which, I am convinced, will immeasur
ably aggregate existing evils. I also
know full well that a large majority
of those who support free coinage aro
hor.est and well-meaning citizens,
wishing to do right. But because I
know this, my blood stirs with indig
nation when I see the unscrupulous ef
forts made to goad them on to their
destruction. I have witnessed in my
long life ten presidential campaigns,
but never one in which the appeals to
prejudice, passion and cupidity were
so reckless and the speculation upon
assumed popular ignorance or rascal
ity so audacious and wicked. Some of
the silver orators actually speak as If
they believed the American people to
be born fools or knaves, or both.
MR. BRYAN'S CASE.
Mr. Bryan is certainly a remarkable
man, being- still so young. I wonder
how he found time to accumulate so
enormous a store of misinformation,
and to develop so mature an incapac
ity for understanding this subject. I
say this in all seriousness, compelled
by my respect for the exalted office
to which Mr. Bryan aspires. Consid
ering that for years the discussion of
these questions has been his only
business, and that he has remained so
entirely Unacquainted with the most
rudimentary of economic principles and
with the most conspicuous of business
experience, we must conclude that he
not only does not know, but is unable
to learn. Imagine such ignorance cou
pled with such assurance clothed with
great power! Imagine him, as presi
dent of the United States, parading
fuch childish absurdities in his mes
sage! It would make us the laughing
stock of the world, and every self
respecting American would hang his
head in shame.
But more. Resorting to that cheap
est of all hackneyed tricks of dema
gogy, the excitement of American
feeling against England in particular
and Europe in general, they tell us
that, like a "conquered race," we are
paying "tribute" to the foreigner.
What has Europe done to "subjugate"
us? Nothing, absolutely nothing, but
■lend us money. She did not force her
money upon v*. but lent It when we
asked for it and were glad to receive
it. She lent us money when we needed
it to maintain the Union and were in
dire distress. She lent us money when
we wished it to develop the resources
! of our new country, and now what does
Europe a»k for? Nothing but what we
promised to pay when we took what
Lghe lent. Where is the tribute? It is
I said that Europe largely profited on
[ the loans. On the war bonds, yes, and,
having been helped in need, we did not
grudge it But aa for tine rest— is it
not true also that untold millions of
European money have been sunk in
American enterprises that failed?
Tribute indeed! This word can be
prompted only by that mean apfrit
which cajoles the lender as a friend
when his money is asked for, and
i treats him as an enemy and outlaw
> when he asks for his dues. Is this the
| spirit of the American people?
They seek to excite the people of the
l West against the East, because, as
j Mr. Bryan sakl in the Chicago conven
| tion, the East injuriously interferes
j with the business of the West. Aye,
I the East has interfered with Western
i business, but how? In helping to
! build Western railroads, to dig West
-1 crn canals, to set up Western tele
graphs, to establish Western factories.
; to build up Western towns, to move
■ Western crops, to s>llay Western dis
tress caused by fire, flood, or drought.
j lias this served to enrich the East?
| Yes, and so it hss enriched the West.
Their wealth and greatness has been
mutually built up by the harmonious
co-operation of t!wtr brawn and brain
(and money, just a? the blood of the
■Sasfc and the West mingled on the
common battlefields of the republic-
W$ l"l &1 1 1 F UU^ HBBMi 1 M t^ time is fast a pp r ° achin g- t °° *&
BE IIUU9L ww Anlf Illlu :^z™:^r:zrz M
gjjfi make life either a burden or a pleasure to you for about six months of the year in our climate
msk A 6000 HEATER r™—~ ~™~—~ — , the second story s^rs l^ £§
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Vff!^ is "A thing- of beauty and a joy for- ■■ fli H^P KZB m M I^^ '» coming wfpk )•■ «>M oa", Flve-Pleee Parlor i>^X
gS*Vj ever." We control 'for St. Paul the I ■!& ■■^ B" i i " -**—*> /31-wA n *■•«♦ s ?. ftt - fX)
CJ* exclusive apency of the celebrated %^F^ 11 g In ■«^ f^^^^^^^» IS'VrlH*^
HEATERS; p'rafn! come" in andTJt s ' u^ Compare 'notes" I , I £??] II
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w^^\ BfintßnT^y^fcjf xiiii line, ) I wS£BSB^B33SB^*^BSSBOm^EtBBB*B&gEKK/^^Bl£ . *ipa Km mph^^^
j^Q( j^M BL floors. 3 AiTo P the J Standard Body Brussels, per yard .. 75c < " • piece;i -
S&& ~WSWE&sL "PFUIHSIHiP '' > Best Moquette, per yard 85cJ Tufc TinAlinrTTr W&
SULAR( { Best Axminster, per yard $1.00 j i£^^ THIS TABOLRETTE ffl|Q
KSR The \ m I9FiTCARPETS < Kead y- Made >-- Monda y J^ or corner chair
$5? * 4 JEWEL" I' Choice Misfit Ingrains, made and ready to lay. Jj9( iflraß^S^&> ' elegantly carv-
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PSO TUP ulMnrniil /'ahit m I sou - Also2 5o Tapestry, Brussels and Union < WwmS&SMSdmflßltA in silk tapestry *kj>
X?*7i I HE IMPfcRIAI CORAF M Misfits. Brin^the size of your room; we can » V f^«M^^»f fJE . * .' »-^^
gTg nil, Ilflli,l\mi, WU«At. slll -eiy m it. 20 per cent discount from yardage j 1)^1 WSS&SffiL ° r brocatelle; 5^
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H WB^'^ SaT 1 lirui riini aam rf
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tM. f^P^P^ ' more' SSS Wl ■■ ■ ■ LIIULMIIU COMPANY. |^
coii I d £ stove, which was on < sS 1^ "*"^ e ® ns PfJCB CompJete House Furnishers, (£&)
- ]iHH!^£iil No. 434-436 Wabasha St., St. Paul. |^
And now comes this young man, as if
we had not suffered enough from sec
tional strife,., aad talks of "enemy's
country!"
They seek itq iexcite what they call
"the poor," Against what they call "the
rich" — in tlfi*»la^jd of great opportuni
ties for all, where, now as ever, so
many of <he poor of yesterday are
among the rich of today, and so many
of the rich of today may be among the
poor of tomorrow. Their candidate for
the presidency presented a character
istic spectacle when some time ago
he was kindly shown over the farm
of the governor of New York, who is
himself an example of the poor coun
try boy risen by able and honest effort
to affluence and distinction; and when
that candidate then straightway in a
public speech drew invidious compar
isons between the elegant houses on
the Hudson, and the poor cabins in the
West — teaching not the true Ameri
can lesson. of success won by honest
industry, thrift and enterprise, but the
lesson that ttfose who have succeeded
leas should hate and fight those who
have succeeded more — a lesson utterly
un-Americaa* unpatriotic and abom
inable! .
FALSE FRIENDSHIP.
They proclaim themselves fhe special
champions of the toiling masses, while
their policy would rob the laboring man
of half of his savings, and grievously
curtail the value of his wages. Am I
asked, if the silver standard will re
latively reduce wages, why so many
employers of labor are opposed to it?
The reason is obvious; because, aside
from ail considerations of sentiment,
the prudent employers of labor know
that they would lose vastly more
through the disastrous disturbance of
business sure to be caused by a free
coinage victory than they could possibly
gain by the cheapening of labor. And
would not the toiling masses suffer
most from that disturbance of busi
ness? He is a *taitor to the laboring
man who tells him that he can profit
by the ruin of h|a employer.
They pretend.. ip, be enemies of pluto
cracy, and 'jaQvocate a policy which,
if I were a sefii^b unscrupolous money
shark, I should '.welcome as my finest
opportunity iAni I asked, if a free
cc Image victory 'would play loto the
hands of tfc£ mcjney power, why the
bankers andY capitalists are generally
against it?,: The answer Is simple.
No doubt t^ere'are those among the
rich of the cpjunji y who will not scruple
at any meaiiS to mcrease their wealth;
who will crusli' tseir competitors with
a rude and lawless hand, and take any
advantage of the'gmbarrassments of the
unfortunate.* Th'iy are the men who
will thrive tficst*in general ruin. But
the vast majority of our bankers and
business potentates are men who are
proud of their good name; who treat
hor.estly and fairly those with whom
they deal; who do not see their interest
in the ruin of their customers, and
who know that their own prosperity is
safest in the prosperity of all. There
fore they are against free coinage. It
is not these, but the worst element of
the "money power," that free coinage
will serve. The real pitiless bloodsuck
ers in the West. and South are their own
village usurers, their own sharpers
around the court houses, not the legi
timate banker or Eastern capitalist.
The agitators denounce the gold
standard as the device of monarchs
and aristocrats, while the history of
the world teaches that from time im
memorial it was a favorite trick of un
scrupulous despots to fleece their sub
jects by debasing the coin of the realm,
and that those- who out of the raone
tary confusion fixed standards
[ of 'values and money that would not
cheat, have always been ranked among
the most meritorJoo* benefactors of
mankind, and especially -of the poof
and weak.
Tkey^ seek to hrf\ame the van-lty of
the American petfpie by telling them
that we are^reat. and strong enough
to maintain any monetary system we
like and to keep up the value of our
money without regard to all th« world
abroad— whHfe tfur'own history teaches
' us that a c&iturf ago the American
people were «w>i\g enough to shake off
the yoke of Gr**t Britain, but not
strong enongh to save their Continen
tal money ff«©m ateclining in value to
nothing: tha^ln retrmt times the Arneri
i can people wfere. strong enough to sub
j due a gigantic rebellion, but not strong
I enough to k«sp en indefinite i».=ue of
greenbacks #tvpa», and that this re
public mar^' ttfcle to conquer the
1 world, but it wWViot he able to make
| twice rwb flvf.'or'io malte itself richer
j by watering its currency.
They speak of the silver dollar as
i the money of kite constitution, while
i they mu=t know that th^re is not o;-?>
i sirnrle word in Yhr> constitution '-which.
I honestly ir.teip?>eied, could justify such
a claiTP.
■v JEFFEP.SON ANT> JACKSON.
They invoke for their rapse the names
of JefferFoti and Jackson, while every
render of- hisTorjrknov.'s th&t :Tefferf--on
ard Jiiotson would "nsve st^od aghast
at their wild scftetre n't creating- by law
a false value. arfS would have kicked
out of their presence as a public nuis
ance any one seriously advocating it.
Such things the free-coinage agita
tors tell the American people, assuming
them to be without intelligence. Far
worse are the appeals they address to
them, assuming them to be without
moral sense.
They have been teaching the people
that because the prices of wheat and
other things have fallen about one
half since the so-called demonetization
year, 1873 — I have shown why those
prices have fallen — it is not equitable
that debtors should be held to pay
more than half the amount of their
debts in gold, that they should be re
leased in correspondence with the de
cline of prices, and that it would there
fore be right to reduce by free silver
coinage the value of the debt-paying
money by one-half.
If this were right as a general prin
ciple, how would it apply to our debts?
Of our government bonds there are
very few that do not bear date long
after 1873. Many of them were sold
for the express purpose of bruising
gold into the treasury. Our corpora
tion bonds are, as a rule, also quite
young. But all these obligations are a
mere trifle compared with the immense
sums of debts contracted in the daily
transaction of business. The average
life of a real esfete mortgage is only
five years. But probably nine-tenths
of all our debts are those between firm
and firm or between man and, man in
the form of notes, bills of exchange,
i wage-bills, and open accounts, the
amount of which is incalculable. How
old are these? From one hour to six
months. How would the principle ap
ply to them? Would there be any
equity, or any shadow, or pretence, or
quibble of equity in scaling them down
| 50 per cent, by a sudden drop from the
[ gold to the silver basis?
Subject the principle itself to a sim
ple test. When I contract a debt, I
owe what it is mutually understood
that I am to pay. Our whole business
life and social fabric, all human inter
f course, rests upon the binding force of
j such understandings. Unless it be ex
; pressly understood, has the debtor the
slightest right or reason to demand
that the creditor shall be satisfied with
a less amount in payment if wheat or
cotton or something else had mean
t while declined in price? If so, would
| not the creditor also have the right to
\ demand that the debtor should pay
! more In proportion if wheat or cotton
i or something else meanwhile had iisen
iin price? If neither of them nad<
! thought of proposing or of accepting
| so adventitious' a contract, how can
i such claims be justified if based upon
• a m?re secret mental reservation or an
i arbitrary afterthought? Is it not mon
strous that such an assumption should
| be taken as a warrant for the reduc
| tion at one sweep of all debts by a
I debasement of the standard of value?
You recognize such a principle and
carry it into general practice, and there
i will be the end of all confidence be
! tween man and man, the cessation of
; all credit and trust, the utter subver
sion of the moral rulss governing hu-
I roan intercourse, an unbridled reign of
f fraudulent pretence and unscrupulous
; greed — in one word, the overflow of
j civilized life.
IT MEANS REPUDIATION.
And yet he who has watched the
i free coinage agitation knows that just i
I this appeal to debtors is one of Its
I main allurements. Listen to their
speeches, read their literature, and yon
meet ever recurring, now in soft
[ spoken circumlocution, now in sly sag
' gesilon, now in the language of braaen
cynicism, the premise that free coinage
•j will enable the debtor to get rid of his
obligations by paying only a part of
| them. It is- a scheme of wanton re
: pudiation of private as well as public
I debts, not as if. we coald not pay in
j full; -but because we would prefer not
: to pay in full — the practice resorted to
; by the fraudulent bankrupt — and thfs
' sanctioned by law, as a part of our na
< tional policy.
Fellow-citi»ens, think this out. It is
a grave matter — a matter of vital lm
; port to the existence of this nation.
The father who te*.ehes such moral
principles to his children educates them
I for fraud, dt= honor, and the peniten
'. tiary. The public men who feach such
moral principles to the peopto* educate
; the people for the contempt and abhor
; re-nee of mankind. The nation that ac
■ cepts such moral principles cannot live.
It will rot to death in the loathsome
j spew of its own corruption. If the na
tion accepting such moral principles
j be this republic, it will deal a blow to
; the credit of Democratic Institutions
' from which the eaus* of free govern
ment will not recover for centuries.
But. thank God! the American people
will never accept such .moral princi
ples. The American people will, be
fore election day arrives, have fully
■ discovered v.-hat all this means. They
will indignantly repel the unspeakable
Insult offered to them by the politt
; dans, who have dared to ask for the
j votes of honest men upon the 'offer of
I such a bair. They will know how u>
resent the deep rHL«srracr: tafftctefl upo-
the nation in the eyes of the whole
world by those Americans who ex
hibited their own belief that the
American people were capable cf tak
ing such a bait.
Mr. Bryan has a taste for scriptural
illustration. He will remember how
Christ was taken up on a high moun
tain and promised all the glories of the
world if he would fall down and
worship the devil. He will also re
member that Christ answered. So the
tempter now takes the American peo
ple upthe mountain and says: "I will
take from you half of ycur debts if
you will worship me." But then brave
Uncle Sam rises up in all his dignity,
manly pride, and honest wrath, and
speaks in thunder tones: "Get thee be
hind me. Satan f For it is written that
thou shalt worship only the God of
truth, honor, and righteousness, and
Him alone shalt thou serve."
This will be the voice of the Ameri
can people on the third of November.
And the stars and stripes will continue
to wave undefiled, honorable and
honored among, the banners of man
kind.
— , m
HEAVY GOLD IMPORTS.
They Are Easing: the Situation,
Says the Financier.
NEW YORK, Sept, s.— The New
York Financier says: Over $7,500,000 in
gold arrived from Europe this week.
Over $4,000,000 of this gold arrived too
late to be included in the current state
ment. From this time out the banks
should begin to reflect the full effects
of the heavy 'shipments. The state
ment otherwise is a repetition of those
for three weeks previous. The banks
are losing heavily to the interior, and
are making up for the withdrawals of
cash, by contracting their loans and
are also taking out as much new circu
lation as possible to tide over the pres
ent stringency. Just how long this
policy of contraction could be con
tinued without "serious results is a
question, but fortunately the supply of
gold received or now in transit will
render no further action of the kind
necessary.
The bank statement does not show it,
but the imports of gold are already
easing the situation to a considerable
extent. The trouble is that the
surplus is unevenly distributed,
twelve of the national banks still befng
below the 25 per cent reserve; one of
them, the National Citizens', showing
only 16.6 per cent As for actual oper
ations, the banks gained $1,851,200 in,
gold. The loss in cash, considering the
magnitude . or interior shipments is
rather small. The one favorable fea
ture which the week's results show, i?
that withdrawals for hoarding do not
figure to any extent. The decrease in
deposits was caused by loan contrac
tions and the movement above stated.
That the loss in cash at this season is
not abnormal Is shown by the fact that
the Interior demands last year from
Sept. 7 to Oct. 26, decreased deposits
$46,000,000.
The Fourth National, Third National
and Western National made large in
creases in circulation. Since the first
week in August the banks have taken
out $3,179,500 new circulation. Wheth
er, as in 1893, the notes will be returned
almost unused, is not known, but a
further expansion, in view of the
heavy gold imports, would seem un
necessary as the profit on It is only
fractional.
Larfmore'a Blind Pig War.
LARIMORE, X. 1).. s»j>t. s.— Haxrz Gould
w»o wa» arrested for keeping a blind pig
was tried before Jiwtle* Dickson this after
noon and acquitted. H« was immediately
arrested for selling wMsky and t*fcen t%
Grand Porks to Jail. Great Interest ts mani
fested Jn these cases. the tad lea turning out
en maiM. Th* santtment at the town Is
dmded. and considerable eninltv between
citizens exists., Vor« oa«e» conws off Monday.
** •- OSki- Watches, *
& Diamonds,
ii^^^^^M * Silverware, |
tc -- at f he Great Jewelry House of 4p
ll^m w^ A B H. SISIiON ! I
tfOIIEJ JWfIY GET IT
KITTSON MAXSIOJf MAY BE ISED
AS A CLUB HOI HK FOR
irani,
SCHEME AS YET CHAOTIC,
BUT IT IS HOPED TO PISH IT TO
A SICCKSSFIX TKRMIX
ATIOX.
EXPENSE THE MAIS OBSTACLE
To 3e Overcome by the Promoters
of tlie Project, V\ lilcli Finds
Much Favor.
To convert the old Klttson mansion
into a women's club house is the idea
being agitated by some of the club
women of St. -Paul, who argue that
it is a shame, after the old place ha 3
been brought to life once more, to let
it go back to its former state, when
it might be used so beautifully for
club house purposes. The Idea is to
unite all of the women's clubs in the
city, there being a good-sized number
of organizations conducted entirely by
women, many of which pay a large
rent for the monthly or semi-monthly
use of some hall or church parlor not
particularly well suited to their needs.
If all of these local clubs unite along
this particular line the women feel
that there is little doubt but what the
idea could be easily carried out. un
less it should happen to cost too much
to heat the place. This ts a serious
difficulty in the way of the project and
one the women feel they will have some
trouble to overcome in case the scheme
ever comes to a decided head. Prof
Congdon has promised the services of
the living flag at a concert for the
benefit of the scheme, and Gen. E. C
Mason, in speaking of the idea yester
day, said that he only wished he had
the money and he would buy the old
house outright and make the women of
St. Paul a present of it. If the matter
ever amounts to anything and the
women really gain control of the old
house for the purpose they desire, they
will rent it out by the evening for
dancing parties. In this way they
would hope to help pay expense? as
there is a sad need in St. Paul ' for
some place suitable for the purpose of
giving private parties in by those of
the society people whose homes for
some reason or other are not fitted
: for any large entertainment. Tho
| women are very enthusiastic over the
scheme and will, no doubt, endeavor
to carry it out. The idea of a women's
club house is a new one in the west,
though the women of Minneapolis agi
tated such a scheme somo time ago.
In the east there are a number of such
places, and they have proved a mutual
help to the members in many ways.
The Kittson house is Just the place in
all St. Paul most suited for the pur
pose, as the women who have suggested
the scheme feel
the: dust world.
Hon. J. T. Lsmb. of th« firm of Lamb
Bros., of Michigan City, N. D., is stopping
at the Merchants'. Mr. Lamb to returning
from so extended trip East, and will remain
In the city som» four or five days.
